Morro Bay

Home Loans

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Morro Bay Home Loans.

Whether you are a first time home buyer or trading up to a larger home in Morro Bay, we work to find the best home loan solution for you. Constantly surveying the hundreds of mortgage lenders as well as anonymously testing their staff, we are always aware of the conditions of the home loan market as well as the lenders involved in it.

Best Lender For Morro Bay Home Loans

Unfortunately, the subprime mortgage crisis has caused dramatic changes in the lending climate. Many lending institutions have suffered tremendous losses and as a result have tightened their lending standards drastically. Whereas it used to be very, very easy to meet the requirements in order to get approved, it is now much more difficult with most lenders. When searching for a mortgage lender in Morro Bay, it is important to find one that not only offers the lowest rates, but also has not tightened lending standards to the point that only a tiny percentage of applicants will qualify.

Morro Bay California Overview & Statistics

Morro Bay Overview

As of 2007, Morro Bay's population is 10,135 people. Since 2000, it has had a population growth of -2.08 percent.

The median home cost in Morro Bay is $878,000. Home appreciation the last year has been -0.38 percent.

Compared to the rest of the country, Morro Bay's cost of living is 67.25% Higher than the U.S. average.

Morro Bay public schools spend $5,357 per student. The average school expenditure in the U.S. is $6,058. There are about 19 students per teacher in Morro Bay.

The unemployment rate in Morro Bay is 3.90 percent(U.S. avg. is 4.60%). Recent job growth is Negative. Morro Bay jobs have Decreased by 1.76 percent.

Morro Bay Climate

Morro Bay, CA, gets 17 inches of rain per year. The US average is 37. Snowfall is 0 inches. The average US city gets 25 inches of snow per year. The number of days with any measurable precipitation is 49.

On average, there are 284 sunny days per year in Morro Bay, CA. The July high is around 65 degrees. The January low is 42. Our comfort index, which is based on humidity during the hot months, is a 62 out of 100, where higher is more comfortable. The US average on the comfort index is 44.

Morro Bay Housing

The median home value in Morro Bay, CA, is $878,000. Home appreciation is -0.38% over the last year. The median age of Morro Bay, CA, real estate is 33 years.

Morro Bay, CA Apartments and Rentals

Renters make up 35.69% of the Morro Bay, CA, population. 20.44% of houses and apartments in Morro Bay, CA, are unoccupied (vacancy rate).

Morro Bay Crime

Morro Bay, CA, violent crime, on a scale from 1 (low crime) to 10, is 4. Violent crime is composed of four offenses: murder and nonnegligent manslaughter, forcible rape, robbery, and aggravated assault. The US average is 3.

Morro Bay, CA, property crime, on a scale from 1 (low) to 10, is 3. Property crime includes the offenses of burglary, larceny-theft, motor vehicle theft, and arson. The object of the theft-type offenses is the taking of money or property, but there is no force or threat of force against the victims. The US average is 3.

For related resources see also:

www.morro-bay.ca.us

Morro Bay Real Estate Agents

California First Time Home Buyers Grants

California First Time Home Buyer Programs

California Home Mortgage Loans